Statutes > California Statutes > Financial Code > 7720

7720

FINANCIAL CODE
SECTION 7720 




7720.  (a) An association may invest in tangible personal property,
including without limitation, vehicles, mobilehomes, machinery,
equipment, or furniture, and may hold the property for rental or
sale.
   (b) Investment under this section is limited to not in excess of
10 percent of the total assets of the association.